Hi Lopez - I think it’s simply because Cormorant has been...

Hi Lopez - I think it’s simply because Cormorant has been selling, probably with a %ADV order.

The only takeaway is that it is dissaponting that they have not been bid by another institution or strategic buyer.

Cormorant is weird. When you look them up on the BB terminal the only holding that you see is VLA.AX. They could be liquidating.